Finding the right home at the right price is just one aspect of a home sale or purchase. Austin Realty Experts is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at 512-413-4026 if your needs include a real estate pro experienced in the business side of real estate.

Closing costs you should expect

There are certain typical expenses accompanying closing the sale of a house. These costs are commonly split between the buyer and seller, as noted in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Texas to help guide you through the process.

Loan-related closing costs    (Click here for more information)

  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

At closing, these taxes are usually paid    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for more information)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we hammer out your transaction, I'll not only work to get the highest sales price, but I'll also push for limited closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you are aware of exactly what you're paying for.

Buyers: When buying real estate in Travis County, you will be given a "Good Faith Estimate" (GFE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's past experiences and is required to be within a tolerable range so you're not shocked when you get to the closing table. I'll be happy to look at the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

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